Updates

B&M European Retail

December 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Whatever happens with Brexit there’s one thing we can be sure of: the Great British consumer loves a good bargain, which explains the continued success of value retailer B&M European Retail. While half year results showed adjusted pretax profit falling 2.8% to £96m, that reflects problems in Germany, which lost £12m (against forecast losses of £4m) blamed on not ordering seasonal products in time for key buying occasions and leading to bigger than expected mark-downs. Third party logistics expenses were also higher than expected.The good news is management have put Germany up for strategic review (code for exit or sale), which should return attention to the sunnier UK business, which grew sales and EBITD ...

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B&M European Value Retail - Value retailer eyes another 300+ stores in UK (March 2017)

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